Oils to be marketed by Novvi under the name NovaSpec
Speciality chemicals manufacturer Albemarle Corporation has entered into a manufacturing agreement to supply base oils to Novvi SA, a joint venture between Amyris and Cosan SA Industria e Comercio which is focused on the production, marketing and distribution of renewable base oils using Amyris’ renewable farnesene, Biofene.
Under the agreement, Albemarle will serve as a custom scale-up and production partner for synthetic, renewable base oils for the lubricants market. Novvi meanwhile, will market NovaSpec, the venture’s synthetic renewable base oils to finished lubricants manufacturers globally.
“Albemarle is truly excited to partner with Amyris and Novvi on this opportunity,” commented Ron Gardner, vp, Albemarle’s fine chemistry global business unit. “Novvi’s choice of Albemarle recognises our ability to rapidly deploy our distinctive technical and manufacturing expertise.”